Warsaw Stock Exchange reports about it.

A seven-year loan of up to USВ 25 million is also aimed at achieving savings in the use of energy and resources ‎and a reduction in greenhouse gas (GHG) emissions. The funds will be used to construct, extend or acquire sugar storage facilities in Poltava and Khmelnytsk regions of Ukraine.

The project is in line with the EBRD’s Green Economy Transition approach, under which the Bank is promoting investments in energy and resource efficiency as well as stimulating innovation.

The investment is expected to result in energy and resource savings as well as reducing GHG emissions. Once implemented, the project will achieve natural gas savings in excess of 750,000 m³ per year and reduce grain losses by up to 3,500 tonnes per year. The overall reduction in GHG emissions is expected to be around 1,600 tonnes of CO2 equivalent per year.

Sevki Acuner, EBRD Director for Ukraine, said: «We are glad to support «Astarta», a client whose long-term plans align with the values of the Bank in terms of reducing energy and resource consumption».

Viktor Ivanchyk, «Astarta» founder and CEO said: «We are proud about our excellent long-term partnership with EBRD. The Bank supports successful growth of «Astarta» for almost ten years, and we are looking forward to working together for many years to come».

The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment in the country of almost €11,7 billion through 384 projects since the start of its operations there in 1993.